15,142 Shares in Hub Group, Inc. (NASDAQ:HUBG) Bought by Financial Harvest LLC

Financial Harvest LLC purchased a new position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,142 shares of the transportation company's stock, valued at approximately $563,000. Hub Group accounts for about 0.4% of Financial Harvest LLC's investment portfolio, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Summit Investment Advisors Inc. increased its position in Hub Group by 4.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock valued at $279,000 after acquiring an additional 287 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Hub Group by 48.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after purchasing an additional 310 shares during the period. Synovus Financial Corp increased its position in shares of Hub Group by 1.5% during the 4th quarter. Synovus Financial Corp now owns 22,618 shares of the transportation company's stock valued at $1,008,000 after purchasing an additional 344 shares during the period. Swiss National Bank increased its position in shares of Hub Group by 0.4% during the 4th quarter. Swiss National Bank now owns 121,100 shares of the transportation company's stock valued at $5,396,000 after purchasing an additional 500 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of Hub Group by 1.4% during the 4th quarter. MetLife Investment Management LLC now owns 35,462 shares of the transportation company's stock valued at $1,580,000 after purchasing an additional 506 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Up 1.7%

Shares of Hub Group stock traded up $0.59 during midday trading on Tuesday, hitting $34.54. The company's stock had a trading volume of 494,146 shares, compared to its average volume of 551,366. The firm has a market capitalization of $2.12 billion, a P/E ratio of 20.32, a PEG ratio of 1.60 and a beta of 1.13. The stock has a 50-day simple moving average of $34.29 and a 200-day simple moving average of $37.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.09. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $915.22 million during the quarter, compared to analysts' expectations of $973.86 million. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. Hub Group's revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. As a group, sell-side analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 annualized dividend and a dividend yield of 1.45%. Hub Group's dividend payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Susquehanna reiterated a "positive" rating and set a $46.00 price target (up from $45.00) on shares of Hub Group in a research report on Tuesday, June 24th. TD Cowen lowered their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Baird R W raised Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. reduced their price objective on Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Finally, Benchmark reduced their price objective on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research note on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.01.

Hub Group Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.